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A pure floating system, the government does not attempt to set the exchange rate, therefore there is no need for the official account.
But I guess in real life, they do try to intervene from time to time. And that is why you end up with some reserve.
Nevertheless, I don’t think we need to go into that much detail to answer the question at hand.

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上一主题:Good Ethics Question.
下一主题:Vol1 Ethics P152